Fresh data from Santiment shows that the top 10 wallets of Shiba Inu control over 60% of the SHIB total supply.
Yesterday, Santiment revealed percentages of supply held by the top 10 blockchain wallets of popular Ethereum-based tokens. According to the data, the top 10 Shiba Inu addresses hold 62.3% of Shiba Inu’s supply. This comprises tokens held in the official burn wallet and exchange holdings.
Given Shiba Inu’s original supply of 1 quadrillion tokens, this means these wallets control roughly 623 trillion SHIB.
Dive Into the Top 10 Largest SHIB Holders
A glance at Etherscan data reveals that this small group of holders comprises the official Shiba Inu burn address, crypto exchanges, and unidentified entities.
According to Etherscan data, the official burn address, 0xdEA…42069, holds the largest amount of SHIB, totaling 410.43 trillion tokens. This is the same address where Ethereum co-founder Vitalik Buterin sent over 410 trillion SHIB tokens in 2021, and has since become Shiba Inu’s primary burn wallet.
The identity of the second-largest SHIB holder is unknown. This address currently holds roughly 53.37 trillion SHIB, representing 5.33% of the total supply. It is likely associated with a smart contract or decentralized exchange (DEX).
Robinhood, Binance Hot Wallet 20, Crypto.com, and Binance 28 are the third, fourth, fifth, and sixth largest holders of Shiba Inu, respectively. They hold around 39.27 trillion (3.92%), 30.71 trillion (3.07%), 29.83 trillion (2.98%), and 19.51 trillion (1.95%) SHIB tokens each.
Holding the position of the seventh-largest Shiba Inu holder is another unnamed entity, 0xa70…71FA9, which currently holds 12.04 trillion tokens, representing 1.2% of the total supply.
Furthermore, blockchain addresses affiliated with Robinhood and Binance rank as the eighth- and ninth-largest holders of Shiba Inu. These wallets contain 11.41 trillion SHIB (1.14%) and 9.04 trillion tokens (0.9%), respectively.
Notably, the tenth-largest Shiba Inu holder holds about 7.65 trillion Shiba Inu tokens, accounting for 0.76% of the total supply. However, the identity of this holder is also unknown but could be DEX-related.
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Top 10 Shiba Inu largest holders
Shiba Inu Concentrated Ownership Surpasses UNI and ETH
Meanwhile, Santiment also provided insights into the top 10 ownership of other leading Ethereum-based cryptocurrencies. For example, the top 10 Uniswap holders control about 52.2% of UNI’s supply, while the top 10 Ethereum addresses hold around 51% of ETH’s supply.
With 62.3% of SHIB supply held by its top 10 holders, Shiba Inu shows a higher concentration of ownership compared to Uniswap (52.2%) and Ethereum (51%).
While such concentrated holdings pose a theoretical risk—where a major sell-off could trigger a sharp price decline—this outcome remains unlikely. The largest SHIB holder is a null (burn) wallet, and most of the remaining top wallets are associated with centralized exchanges rather than individual holders.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
